What are the various legal aspects to have a credit card?
The card holder alone is responsible for any debt incurred. Which means if you loan it to a friend and they max it out, it is still your debt. The card holder has to take reasonable care not to let the card or the information be obtained by unauthorized person(s)And of course you gotta pay what you owe, or they get really, really grouchy. They can do other not so nice things to collect also.
The credit card debt laws are agreements and terms in which the user of the credit card is bound by a legal contract with their bank. This contract is usually signed by the user when applying for the credit card. Depending on which bank, different agreements and contracts can vary. If the user breaches any agreements, the bank may have the rights to bring legal charges against the user. Some examples of a credit card…
If the husband owns the credit card and adds his wife to the card and he opens another credit account against that credit card does that affect her credit score?
If the husband adds the wife as a "joint" it will show on her credit report but will most likely not be counted against her if she tried to apply for a loan. If the husband adds the wife as an "authorized user" it will not even show on her credit report because she has no legal obligation to pay the credit card bills, but she has the right to use the card.
The Chevron and Texaco credit card offers three different options a personal one, a premium and a visa card. The personal card offers you convenient cash access, and a special introductory offer of 10c per gallon of gas. The premium membership various travel perks, insurance and a 5% rebate. The Visa card offers you a greater fuel credit and various travel rewards.